Post Utme Covenant University 2017 Economics Question 20

Practice objective / multiple choice question 20 from the 2017 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2017 Economics Objective / Multiple Choice
Question 20 POST_UTME_COVENANT_UNIVERSITY • 2017 • ECONOMICS • objective

A government imposes a tax of ₦5 on a commodity. If the price of the commodity is ₦20, and the quantity demanded is 10 units, what is the tax revenue?

Answer Options

A. ₦50
Correct Answer B. ₦60
C. ₦70
D. ₦80
Correct Answer
B
Correct Option:
₦60

About This Question

This is Post Utme Covenant University 2017 Economics Question 20. It is one of the objective questions from the 2017 Post Utme Covenant University Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support